TransCanada

TransCanada

"With more than 50 years experience, TransCanada is a leader in the responsible development and reliable operation of North American energy infrastructure. Founded in 1951 and headquartered in Calgary, Alberta, TransCanada has approximately 3,550 employees and is the general partner and a common unit holder of TC PipeLines, LP."

Closing Sundance units 1 and 2
In February 2011, TransAlta said it will be closing operations at two of the Sundance coal-fired units because repairs would be too costly. The Sundance 1 and 2 units have been down since December 2010. The units comprise 560 MW of the 2,126 MW Sundance power plant, which operates as a baseload facility for the Alberta electricity system.

The closing of the units could cost consumers more than $200 million in unrealized refunds through Alberta’s Balancing Pool. The agency that oversees power purchase agreements would have to pay that amount to TransAlta as net book value of the plants and to TransCanada as partial payment on the remainder of its contract. TransCanada holds the Sundance units' power purchase agreement and expects reimbursement.

Directors
Accessed September 2009:


 * S. Barry Jackson - Chair
 * Harold N. Kvisle - President and CEO
 * Kevin E. Benson
 * Derek H. Burney
 * Wendy K. Dobson
 * E. Linn Draper
 * Paule Gauthier
 * Kerry L. Hawkins
 * Paul L. Joskow
 * John A. MacNaughton
 * David P. O'Brien
 * W. Thomas Stephens
 * D. Michael G. Stewart

Contact

 * Web: http://www.transcanada.com

Related Sourcewatch articles

 * ConocoPhillips
 * Portlands Energy Centre
 * Russell K. Girling